Equities analysts expect Strategic Education, Inc. (NASDAQ:STRA) to post earnings per share (EPS) of $1.61 for the current quarter, Zacks reports. Two analysts have made estimates for Strategic Education’s earnings. The lowest EPS estimate is $1.52 and the highest is $1.67. Strategic Education posted earnings per share of $2.06 in the same quarter last year, which would indicate a negative year over year growth rate of 21.8%. The firm is scheduled to announce its next earnings report on Wednesday, August 4th.
On average, analysts expect that Strategic Education will report full-year earnings of $5.63 per share for the current year, with EPS estimates ranging from $5.38 to $6.12. For the next fiscal year, analysts forecast that the company will report earnings of $6.59 per share, with EPS estimates ranging from $6.12 to $7.19. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Strategic Education.
Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 29th. The health services provider reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.03). Strategic Education had a return on equity of 10.88% and a net margin of 10.63%.
Several analysts recently commented on the company. Bank of America lowered Strategic Education from a “buy” rating to a “neutral” rating and decreased their price target for the company from $103.00 to $85.00 in a research note on Friday. BMO Capital Markets reduced their price objective on Strategic Education from $130.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday. Barrington Research reissued an “outperform” rating and issued a $90.00 price objective (down previously from $120.00) on shares of Strategic Education in a research note on Thursday, April 29th. Finally, Truist reduced their price objective on Strategic Education from $100.00 to $85.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $106.67.
STRA stock traded up $0.54 during trading on Thursday, hitting $77.50. The company had a trading volume of 15,772 shares, compared to its average volume of 211,111. The company has a fifty day moving average price of $87.69 and a two-hundred day moving average price of $90.50. The company has a market cap of $1.91 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.46 and a beta of 0.57. Strategic Education has a fifty-two week low of $74.60 and a fifty-two week high of $187.98.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 7th. Stockholders of record on Friday, May 28th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, May 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.10%. Strategic Education’s payout ratio is currently 35.98%.
In other news, Chairman Robert S. Silberman bought 4,000 shares of the company’s stock in a transaction dated Wednesday, March 3rd. The stock was bought at an average price of $77.64 per share, for a total transaction of $310,560.00. Also, CEO Raymond Karl Mcdonnell sold 11,656 shares of the business’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $93.81, for a total value of $1,093,449.36. Following the sale, the chief executive officer now owns 108,925 shares of the company’s stock, valued at approximately $10,218,254.25. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Strategic Education by 5.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,875,710 shares of the health services provider’s stock valued at $274,141,000 after purchasing an additional 139,728 shares during the last quarter. Norges Bank bought a new stake in Strategic Education in the fourth quarter valued at about $36,755,000. Bank of New York Mellon Corp increased its holdings in Strategic Education by 19.3% in the fourth quarter. Bank of New York Mellon Corp now owns 368,683 shares of the health services provider’s stock valued at $35,145,000 after purchasing an additional 59,678 shares during the last quarter. Kempen Capital Management N.V. increased its holdings in Strategic Education by 57.0% in the fourth quarter. Kempen Capital Management N.V. now owns 227,064 shares of the health services provider’s stock valued at $21,646,000 after purchasing an additional 82,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Strategic Education by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 180,472 shares of the health services provider’s stock valued at $17,205,000 after purchasing an additional 4,506 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides post-secondary education and non-degree programs. It operates in three segments: Strayer University, Capella University, and Australia/New Zealand. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 64 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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